Looking to diversify beyond GLEIX? The mutual funds below have historically moved differently from GLEIX, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for GLEIX
18 mutual funds have low correlation with GLEIX (below 0.3), 9 of which are negatively correlated. The least correlated is Goldman Sachs Short Duration Bond Fund (GSSRX) (Short-Term Bond) with a 1Y correlation of -0.19, down from 0.10 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Goldman Sachs Short Duration Bond Fund | -0.19 | 0.05 | 0.10 | 83 | Short-Term Bond | GLEIX vs GSSRX | |
| Goldman Sachs Strategic Volatility Premium Fund | -0.17 | -0.03 | -0.00 | 97 | Large Cap Blend Equities | GLEIX vs SVPFX | |
| Goldman Sachs Growth Strategy Portfolio | -0.12 | 0.26 | 0.43 | 67 | Global Allocation | GLEIX vs GGSIX | |
| Goldman Sachs U.S. Equity Dividend and Premium Fun... | -0.10 | 0.26 | 0.41 | 77 | Large Cap Blend Equities | GLEIX vs GSPKX | |
| AQR Long-Short Equity Fund | -0.09 | 0.18 | 0.31 | 78 | Long-Short | GLEIX vs QLEIX |
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